Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives $15.00 Average PT from Analysts

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has been given an average recommendation of “Moderate Buy” by the four brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.00.

A number of research analysts have weighed in on AAOI shares. B. Riley Financial reduced their target price on shares of Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. StockNews.com raised shares of Applied Optoelectronics to a “sell” rating in a report on Saturday, June 22nd. B. Riley lowered their price target on shares of Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Finally, Rosenblatt Securities lowered their price target on shares of Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, May 10th.

Hedge Funds Weigh In On Applied Optoelectronics

Several hedge funds have recently made changes to their positions in AAOI. CANADA LIFE ASSURANCE Co purchased a new position in Applied Optoelectronics during the first quarter valued at approximately $46,000. Truvestments Capital LLC purchased a new position in shares of Applied Optoelectronics during the 1st quarter valued at $161,000. Headlands Technologies LLC bought a new position in shares of Applied Optoelectronics in the fourth quarter worth $191,000. Bailard Inc. purchased a new stake in shares of Applied Optoelectronics in the fourth quarter worth $305,000. Finally, Mach 1 Financial Group LLC bought a new stake in Applied Optoelectronics during the fourth quarter valued at $367,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

Applied Optoelectronics Stock Performance

Shares of Applied Optoelectronics stock opened at $7.90 on Friday. The business’s fifty day simple moving average is $10.48 and its 200 day simple moving average is $14.41. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.39. Applied Optoelectronics has a 12 month low of $5.71 and a 12 month high of $24.75. The firm has a market capitalization of $307.39 million, a P/E ratio of -4.34 and a beta of 1.97.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Thursday, May 9th. The semiconductor company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.03). The business had revenue of $40.67 million for the quarter, compared to the consensus estimate of $43.56 million. Applied Optoelectronics had a negative return on equity of 16.30% and a negative net margin of 30.65%. As a group, analysts anticipate that Applied Optoelectronics will post -0.24 EPS for the current year.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.